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SMARTMARKETTRADE is not a trustworthy broker and operates without a license. The UK Financial Conduct Authority (FCA), a reputable financial regulator, has issued a warning against it.
One of the signs that SMARTMARKETTRADE is a fraudulent platform is that it does not reveal any details about its regulatory status. If a broker conceals such details, you must be aware that it may be a scam.
While the platform claims to be based in the UK, it fails to seek authorization from the FCA. Consequently, the UK financial regulator warns that it is not licensed by them to provide financial services or products in this country. The full FCA warning can be accessed here.
SMARTMARKETTRADE is a platform that investors should avoid at all costs. It poses high risks of scam and identity theft. There are no regulations to safeguard the interests of the clients and ensure the broker follows the standards of the industry. A safer option is to choose a broker that has a valid license from a reliable regulator.
FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.